Is Dental Insurance Worth It?
While you’re looking at your annual benefits, take a few moments to consider whether dental insurance is actually worth the cost. Compare your annual premiums against your maximum yearly benefit.
In our experience, for most people, the savings are minimal at best, and often people end up paying more for insurance than they are ever likely to get back. This was backed up by a study performed by the American Dental Association (ADA), finding that 70% of adults will pay more for dental care by having dental insurance than they would if they simply worked with their dentist.
Another option is a Health Savings Account (HSA). This is an account that you put money into at the beginning of the tax year and can use all year round for medical expenses – including orthodontics! If you plan ahead, you could use your HSA to pay for orthodontics and get a tax benefit at the end of the tax year.
Since you are already considering your benefits, this is a good time to do the math for yourself and decide if dental insurance is worth it for you.
Other Financing Options
If you find that dental insurance isn’t right for you, you might consider our financing options. We offer CreditCare financing. It’s a dental/medical credit card that allows you to spread your payments out over a span of weeks or months depending on your needs. Applying for CreditCare is easy. Apply online and find out if you qualify within minutes.